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May 14, 2024
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have figured out that they can set up their last stage of manufacturing in a vietnam and indonesia, malaysia, and just assemble enough to meet the requirements and then it is stamped made in vietnam and then it gets imported into the u.s. and bypasses those tariffs. there's no question that there is a shifting of supply chain going on, that naturally has to happen, but i don't think it kills the chinese economy, so i don't think the trump administration necessarily would do that. >> you talk about the shifting of supply chain's and a lot of companies in this part of the world have benefited as a result. are you seeing attractive options that were not considered before? >> certainly those small markets are getting the benefit of the story. i think obviously in this region with the price of oil where it is, and i don't think anybody sees a quick ending the russia-ukraine, so chances are oil stays high. there's a real desire to diversify the economies and make investments in technology, ai, renewable energy. all those become an opportunity to make investments. >> thank you so much for your time
have figured out that they can set up their last stage of manufacturing in a vietnam and indonesia, malaysia, and just assemble enough to meet the requirements and then it is stamped made in vietnam and then it gets imported into the u.s. and bypasses those tariffs. there's no question that there is a shifting of supply chain going on, that naturally has to happen, but i don't think it kills the chinese economy, so i don't think the trump administration necessarily would do that. >> you...
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May 6, 2024
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we announce a sale of a good bank in malaysia, we're just not the best partner for them. we have sold a lot over the years, we have sold 30 businesses, as a few left, and as we said, we don't think we are the right owner for those. we would like to ensure that we can monetize those for the benefit of our shareholders but we want to focus on core anz branded services across the asia-pacific. annabelle: as you said that sale made up quite a portion of the money return to shareholders. on that basis, is it the biggest return of capital we will see from anz in a while? >> perhaps, time will tell. the important thing here is what we have built in terms of the balance sheet. we have really strengthened the balance sheet. holding onto capital, and even after the buyback, even after we paid to buy central bank which we hope to get approved later in the year, we've still got significant value in our base. when i looked through to the balance sheet, what gives me real confidence is our customization. we've chosen the very best customers to deal with. we are generating capital each
we announce a sale of a good bank in malaysia, we're just not the best partner for them. we have sold a lot over the years, we have sold 30 businesses, as a few left, and as we said, we don't think we are the right owner for those. we would like to ensure that we can monetize those for the benefit of our shareholders but we want to focus on core anz branded services across the asia-pacific. annabelle: as you said that sale made up quite a portion of the money return to shareholders. on that...
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May 6, 2024
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china, malaysia. a very influential person from malaysia said we need help bringing golf to malaysia. happy to do it. we did it in vietnam at such a successful measure. paul: see the full interview with greg norman and its expansion plans in the next edition of latitude with highs haslinda amin that airs in june. it let's get to corporate stories we are following. qantas has agreed to pay a fine of $100 million australian and compensate customers over claims that the airline sold tickets on thousands of flights it is already decided to cancel. the agreement with the watchdog includes a remediation program expected to cost $20 million. payments to affected customers will range from $225 to $450. strong sales are helping boost expectations for iphone sales. the company assembles a most apple smart and post it a night being percent jump -- and posted a 90% jump. it diversifies into business to focus on equipment tied to ai. bloomberg has learned cicc is planning to demote some of its senior bankers and c
china, malaysia. a very influential person from malaysia said we need help bringing golf to malaysia. happy to do it. we did it in vietnam at such a successful measure. paul: see the full interview with greg norman and its expansion plans in the next edition of latitude with highs haslinda amin that airs in june. it let's get to corporate stories we are following. qantas has agreed to pay a fine of $100 million australian and compensate customers over claims that the airline sold tickets on...
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May 5, 2024
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malaysia is also seeing holdings as a rate cut could undermine the ringgit. no change expected for the bank of england's monetary policy. some economists anticipate a rate cut in june. aside from central banks, keep an eye on wage numbers from japan, gdp, and cdp readings from southeast asia, and credit and trade data out of china. haidi: and of course geopolitics closely watched this week. israel closing a humanitarian crossing into gaza after a rocket attack from hamas. it comes after we can talks in a potential truth and inconclusively. let's get more from our editor michael heath. we have had weeks of these negotiations now and not much progress being made. in the meantime these developers continue. michael: it is really depressing. the push was very strong on this. there were even talks that the u.s. was pressuring qatar -- these are unconfirmed reports -- that they were pressing qatar to potentially expel hamas's political representatives from their territory if hamas did not go for this. everybody in the middle east is pushing for this in the u.s. as w
malaysia is also seeing holdings as a rate cut could undermine the ringgit. no change expected for the bank of england's monetary policy. some economists anticipate a rate cut in june. aside from central banks, keep an eye on wage numbers from japan, gdp, and cdp readings from southeast asia, and credit and trade data out of china. haidi: and of course geopolitics closely watched this week. israel closing a humanitarian crossing into gaza after a rocket attack from hamas. it comes after we can...
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May 2, 2024
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is in asia explaining how much they will invest in data centers, particularly in indonesia, india, malaysia, japan. apple will get questions about strategy, but they tend to want big events where they can have a detailed strategy we've not seen that from apple yet. they are probably talking with many partners to figure out how they will incorporate ai in the future so tim coke will get questions about ai. >> ok, bloomberg's editor for asia technology, nice, thank you. we will get more details and an interview with the cfo of ing after a buyback. joined by the cfo to talk about earnings in just under 10 minutes, this is bloomberg. ♪ ♪ tom: welcome back to bloomberg. the u.s. and saudi arabia closed in on a packed offering security guarantees and a path to ties to israel. sources are optimistic a deal can be reached although israel will be offered a choice dependent on ending the war and a path toward palestinian statehood. new york police arrested 300 people over protests at two colleges. they were made at columbia university and city college. agitators joined the protest, but it was dis
is in asia explaining how much they will invest in data centers, particularly in indonesia, india, malaysia, japan. apple will get questions about strategy, but they tend to want big events where they can have a detailed strategy we've not seen that from apple yet. they are probably talking with many partners to figure out how they will incorporate ai in the future so tim coke will get questions about ai. >> ok, bloomberg's editor for asia technology, nice, thank you. we will get more...
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May 2, 2024
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saying microsoft will invest 2.2 billion dollars to build digital infrastructure in malaysia. they will spend the money over four years and build infrastructure for cloud computing and artificial intelligence services. satya nadella with a two point 2 billion-dollar announcement. europe's biggest software firm looking to migrate customers from its legacy premises system to the cloud. sap is offering ai services to sweeten the deal and plans to invest more than $1 billion into the technology. joining us exclusively right now, we have scott russell, executive order member and chief revenue officer at sap. thank you for joining us. let's talk about the detail of this billion-dollar investment over the coming two years. can you give us some specifics about what you are developing and what the applications of your developments will be used for? >> sure. there's no doubt the growth of ai, it's real, not hype. it's here to stay. and for businesses who are already on their growth journey and transformation journey to the cloud which we have seen resulting in q1 earnings growing at 25%
saying microsoft will invest 2.2 billion dollars to build digital infrastructure in malaysia. they will spend the money over four years and build infrastructure for cloud computing and artificial intelligence services. satya nadella with a two point 2 billion-dollar announcement. europe's biggest software firm looking to migrate customers from its legacy premises system to the cloud. sap is offering ai services to sweeten the deal and plans to invest more than $1 billion into the technology....
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Apr 30, 2024
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also seeing markets closed in singapore, indonesia, india and malaysia. those are on the screen, pulse. paul: as you mentioned, there is a risk-off session is expected today, definitely what we saw in the u.s.. u.s. futures also a bit weaker. he mentioned u.s. labor costs rising, it is really reinforces this higher-for-longer narrative and the markets seem to be front running what is likely to be a hawkish message from the fed. amazon stock, first quarter profit beat estimates. the cloud unit posted its strongest still growth in the year. oil prices also slipping below $82 a barrel for wti crude, a key support level. we are watching for a potential gaza cease-fire. let's get more at perspective now with our guest, market analyst at ig, joining us from melbourne. as we look ahead to the next fed meeting, what is the chance that we are on hold now for the rest of 2025 as inflation contains to look sticky? >> good morning, paul and heidi . i think the expectation tomorrow is that a hawkish course as the market had already been quite worried about. but i thin
also seeing markets closed in singapore, indonesia, india and malaysia. those are on the screen, pulse. paul: as you mentioned, there is a risk-off session is expected today, definitely what we saw in the u.s.. u.s. futures also a bit weaker. he mentioned u.s. labor costs rising, it is really reinforces this higher-for-longer narrative and the markets seem to be front running what is likely to be a hawkish message from the fed. amazon stock, first quarter profit beat estimates. the cloud unit...
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Apr 29, 2024
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we are talking about vietnam, philippines, malaysia. these are countries that have much smaller capabilities. the situation at a particular feature really is today the most dangerous flashpoint between the united states and china. the philippines has this rusted out ship from world war ii that it beached in 1999, and the philippines supplies food, water, and various humanitarian aid to the dozen rings that are there, and the chinese want to prevent the philippines from supplying those things. the chinese claimed the philippines is supplying construction material to the marines and make that more sustainable and more habitable so the philippines can keep their out was there for the indefinite future. so this is a flashpoint, because the united states as a defense treaty with the philippines, and if there is a use of force by china against the philippines, the philippines can invoke that treaty, and the united states will come to the philippines aid, in which case we have a potential military confrontation between the united states and ch
we are talking about vietnam, philippines, malaysia. these are countries that have much smaller capabilities. the situation at a particular feature really is today the most dangerous flashpoint between the united states and china. the philippines has this rusted out ship from world war ii that it beached in 1999, and the philippines supplies food, water, and various humanitarian aid to the dozen rings that are there, and the chinese want to prevent the philippines from supplying those things....
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Apr 26, 2024
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you also have malaysia, thailand, singapore. these countries we put on the -- in the on hold camp. for singapore, inflation very much the concern. for thailand, the bot has made it clear that it wants to address the long-term issues. whereas for malaysia, they are more offside risks to inflation because of the uncertainty on rationalization. it is quite a mixed picture here. haslinda: give us the sense of how challenging it is for central banks in asean, given that inflation is driven by factors they don't really have control over, like high oil prices, high rice prices, for instance. and what are the options for them? yun: correct. i think for oil prices, for food prices, this is traditionally the supply side of inflation factors. that is why in theory that monetary policy has limited scope to address them. but i think increasingly we need to be concerned about the spillover effects to core inflation. especially in terms of the rice prices. it is the main staple in asia and matters a lot for the other countries. the policymakers and central banks in asean cannot ignore that. hasli
you also have malaysia, thailand, singapore. these countries we put on the -- in the on hold camp. for singapore, inflation very much the concern. for thailand, the bot has made it clear that it wants to address the long-term issues. whereas for malaysia, they are more offside risks to inflation because of the uncertainty on rationalization. it is quite a mixed picture here. haslinda: give us the sense of how challenging it is for central banks in asean, given that inflation is driven by...
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Apr 23, 2024
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in asia we have net energy exporter like for example malaysia frigate. when you see oil like what we are seeing recently, across emerging markets asia, dollar asia, this is higher. it reflects concerns about inflation, but also reflection of the fact that the dollar is important currency. the market feels the fed can get more hawkish and u.s. yields rise filter through and move dollar asia higher regardless of whether you are importers or exporters. paul: i want to talk about indonesia. bank of indonesia decision coming up on wednesday. intervention has not halted the slide. do you think indonesia will put a floor under the currency? guest: they will try. at the start, when i said it is hard to say with confidence that the worst is over for dollar asia, i would say when it comes to the rupiah, the pace of the selloff will slow because of indonesian resistance. this is light and they will decide whether to hike, they will go further to discuss whether 25 basis point would be enough. my best case is that they settle to the policy rate, however, they are li
in asia we have net energy exporter like for example malaysia frigate. when you see oil like what we are seeing recently, across emerging markets asia, dollar asia, this is higher. it reflects concerns about inflation, but also reflection of the fact that the dollar is important currency. the market feels the fed can get more hawkish and u.s. yields rise filter through and move dollar asia higher regardless of whether you are importers or exporters. paul: i want to talk about indonesia. bank of...
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Apr 22, 2024
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rachel: we are looking at expanding regional especially in vietnam, indonesia and malaysia. these countries have a combined population of half a billion and they are one of the fastest-growing economies in in the region or the world. and they also have a relatively younger population who is more receptive to our innovative health care solution. these are a few countries we are looking at at the moment. we are also mindful to the local regulatory framework. we are very experienced doctors. i have more than 20 years of experience. we will be guiding our doctors to uphold a standard of care. haslinda: one follow question before we let you go -- in terms of profitability, when might that happen? rachel: at the moment we are looking at expansion and the price we are quoting is very affordable. we are talking about in singapore dollars, about eight dollars up to $25. at the moment, we are looking at expansion to increase user growth. we could increase the price by two dollars-three dollars and we will turn profitable at any time. but that is not what we are working on at the momen
rachel: we are looking at expanding regional especially in vietnam, indonesia and malaysia. these countries have a combined population of half a billion and they are one of the fastest-growing economies in in the region or the world. and they also have a relatively younger population who is more receptive to our innovative health care solution. these are a few countries we are looking at at the moment. we are also mindful to the local regulatory framework. we are very experienced doctors. i...
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Apr 19, 2024
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malaysia has had to intervene in the fx market. concerns about potential crowding out in capital markets given where yields are in america and the capital that is attracting into u.s. capitol markets. what you heard there was almost a positive assessment of the spillovers that come from better-than-expected u.s. growth. lisa: this is the reason the imf upgraded their forecast for growth globally so this is more of a positive than a negative. maybe you will not hear that from central bankers that have to deal with it on the others. this raises the question are we looking at a world where it will be a stronger dollar. there's not disruption to derail that. member off the discussion about dedollarization? where we go with that? jonathan: have we seen excess volatility or disorderly moves. the way the rest of the thing -- the way the rest of the world looks at things is this based on unsustainable policies? if you believe this is based on an unsustainable fiscal deficit, in part on industrial policy, and you are a country that does not
malaysia has had to intervene in the fx market. concerns about potential crowding out in capital markets given where yields are in america and the capital that is attracting into u.s. capitol markets. what you heard there was almost a positive assessment of the spillovers that come from better-than-expected u.s. growth. lisa: this is the reason the imf upgraded their forecast for growth globally so this is more of a positive than a negative. maybe you will not hear that from central bankers...
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Apr 19, 2024
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they import from malaysia. but that is bigger than malaysian production. it is being renamed but it is from iran and the biden administration has turned a blind eye. >> in terms of the u.s. re-imposing sanctions and restrictions on venezuela, without have a major impact? >> venezuelan oil industry was destroyed by chavez and maduro's and is irrelevant. it is a matter of a couple of hundred. >> so it would not cause prices to hike. >> iran oil production is almost near capacity so either we wait for trump to come in and imposed sanctions he put in place or by some dramatic change that u.s. changes policy the iranian production would go down by a million barrels per day. >> opec-plus has extended production. how much longer will that persist given that saudi arabia needs oil at $100 a barrel to balance the budget? >> i do not believe in the numbers from saudi's so much. they manage their system well. basically in the middle east, the more money you have, the more money you spend. if you are arrested you be more careful. to say they need $100 moral, everyone
they import from malaysia. but that is bigger than malaysian production. it is being renamed but it is from iran and the biden administration has turned a blind eye. >> in terms of the u.s. re-imposing sanctions and restrictions on venezuela, without have a major impact? >> venezuelan oil industry was destroyed by chavez and maduro's and is irrelevant. it is a matter of a couple of hundred. >> so it would not cause prices to hike. >> iran oil production is almost near...
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Apr 18, 2024
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malaysia stepping into the effects market. japan and south korea turning to do the same. what you saw with yesterday is interesting. a meeting between secretary on, japanese, and south korea. foreign-exchange is going to become a big issue the next few days. annmarie: they put up his statement, we will continue to consult closely on the market changed its within our existing g20 commitment while acknowledging serious concerns at japan and the republic of korea. it is almost an implication the u.s. is aware of what japan is doing with and they are not afraid to intervene. the rest of the world is delivered u.s. exceptionalism. lisa: what can they do? this is the policy response that is uncertain. you have the currency had over the bank of japan saying we are concerned this could have a better in our economy. janet yellen saying we acknowledge the worry. what are they going to do if it is differentials and growth? jonathan: the answer is nothing. the next question is for how much longer can they take it? ultimately they will want a. rate cut from the federal reserve. is not
malaysia stepping into the effects market. japan and south korea turning to do the same. what you saw with yesterday is interesting. a meeting between secretary on, japanese, and south korea. foreign-exchange is going to become a big issue the next few days. annmarie: they put up his statement, we will continue to consult closely on the market changed its within our existing g20 commitment while acknowledging serious concerns at japan and the republic of korea. it is almost an implication the...
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Apr 10, 2024
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malaysia and singapore doing pretty good. katie: we have to have you back soon because i really enjoyed this conversation with important perspective there. we are with nicholas pinchuk. you look at the s&p 500 it was off 1% and some of that is coming back at s&p is still down .8% with big tech down .9% with the bond market taking the brunt of the selloff with the 10 year higher at 4.5. life is a box of chocolate which is really expensive. we will speak with jacques torres. ♪ ad nauseam. but oh how he can nail a software solution like the best high screen pick and roll you've ever seen. you need ron. ron needs a retirement plan. work with principal so we can help you help ron with a retirement and benefits plan that's right for him. let our expertise round out yours. should i? normally i'd hold. but... taking the gains is smart here, right? feel more confident with stock ratings from j.p. morgan analysts in the chase app. when you've got a decision to make... the answer is j.p. morgan wealth management. >> coco prices have n
malaysia and singapore doing pretty good. katie: we have to have you back soon because i really enjoyed this conversation with important perspective there. we are with nicholas pinchuk. you look at the s&p 500 it was off 1% and some of that is coming back at s&p is still down .8% with big tech down .9% with the bond market taking the brunt of the selloff with the 10 year higher at 4.5. life is a box of chocolate which is really expensive. we will speak with jacques torres. ♪ ad...
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Apr 10, 2024
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a country not being talked about much is malaysia. malaysian outflows have been strong in semi conductors and driven not just by south korean firms, japanese firms, american firms investing to really do couple, to -- 2 -- 2 -- two hedge the risks and japanese firms. so we will look at this as a baseline and considered chinese investors will want to hedge the risk. some will be hedged so as a result we feel a level of concern. but at the same time, this is a hedge via the supply chain and there will be winners that we are seeing right now. malaysia is one of them, so is vietnam and thailand to shuffle the risks within china. haidi: you have touched on commodity prices, but who are the winners if we see commodity prices continuing to rally? we've been talking about $100 oil by the end of the year. trinh: a country that is weak is the philippines. it has a double deficit of fuel and food. they import fuel and that is a key concern. fuel import is not as large as korea or thailand, but it has a concern that if it happens that once inflati
a country not being talked about much is malaysia. malaysian outflows have been strong in semi conductors and driven not just by south korean firms, japanese firms, american firms investing to really do couple, to -- 2 -- 2 -- two hedge the risks and japanese firms. so we will look at this as a baseline and considered chinese investors will want to hedge the risk. some will be hedged so as a result we feel a level of concern. but at the same time, this is a hedge via the supply chain and there...
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Apr 5, 2024
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when it comes to maritime, you have china, singapore, malaysia even playing a usual and that. guru: i would say pretty much all -- playing a huge role in that. guru: i would say pretty much all of southeast asia, china, this is a massive mark and the connectivity business has just started. aviation, we talked about singapore airlines but you talk about cathay, you talk about air india, you have the same massive plays in china as well, all of them are just going started. in the u.s., similar model. we've gone through a good expansion as viasat. the future, we are also thinking about direct to device. that's just getting started as you thing about l-band and narrowband director device. about $120 billion market. this is connecting direct to mobile phones. you have seen any players, already apple has -- many players, already apple has done some work there. you start having multiple use cases that start stacking up, not just aviation and maritime, but beyond that as well. haslinda: how will satellite change these industries? if you were to look into the future, you're talking abou
when it comes to maritime, you have china, singapore, malaysia even playing a usual and that. guru: i would say pretty much all -- playing a huge role in that. guru: i would say pretty much all of southeast asia, china, this is a massive mark and the connectivity business has just started. aviation, we talked about singapore airlines but you talk about cathay, you talk about air india, you have the same massive plays in china as well, all of them are just going started. in the u.s., similar...
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Apr 4, 2024
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there has been capital deployed since the initial tariffs into thailand and vietnam and malaysia and indonesia is the spot to be in this part of southeast asia and singapore being the beneficiary of that resurgence of earnings and credit growth. it is all about what correlations can i find to protect my investments in what china is doing and that is why southeast asia and india are the beneficiaries. repeating this point, you play the exporters to china to the west and your exposure to china but finite capital china needs to attract will not come from the west like it was coming in the decades previously. that is a new operating platform for us going forward. haidi: always great to chat with you. head of research and investment advisor at k2 asset management. you can watch us live and see past interviews at our interactive tv function. you can dive into any of the securities where the bloomberg functions we talk about. you can join the conversation by sending instant messages during our shows. this is for bloomberg subscribers only. it is at tv . this is bloomberg. ♪ to me, har
there has been capital deployed since the initial tariffs into thailand and vietnam and malaysia and indonesia is the spot to be in this part of southeast asia and singapore being the beneficiary of that resurgence of earnings and credit growth. it is all about what correlations can i find to protect my investments in what china is doing and that is why southeast asia and india are the beneficiaries. repeating this point, you play the exporters to china to the west and your exposure to china...
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Mar 22, 2024
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malaysia and indonesia holding onto rate moves this month. we are set to get decision from the philippines as well as thailand in the coming weeks. earlier, we heard from the bank of thailand deputy governor. >> looking forward, we -- we expect that softness has passed. in the near term, there's actually a cyclical pickup and growth. the momentum that most expect is actually not that bad. what they will be doing at the next meeting will be assessing the durability of this pickup in near-term growth momentum. haslinda: meantime, blackrock thinks that switzerland's surprised rate cut is a signal that the world has turned a corner in the battle against inflation. speaking excessively with bloomberg, the former s&p president explains why this with central bank decided to move now. >> we've been waiting for this for a long time. the market has been pricing it. basically, the first one is out of the gates. not surprisingly that it's the s&p. switzerland had by far the best inflation record through this difficult time of the pandemic. so it's a cour
malaysia and indonesia holding onto rate moves this month. we are set to get decision from the philippines as well as thailand in the coming weeks. earlier, we heard from the bank of thailand deputy governor. >> looking forward, we -- we expect that softness has passed. in the near term, there's actually a cyclical pickup and growth. the momentum that most expect is actually not that bad. what they will be doing at the next meeting will be assessing the durability of this pickup in...
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Mar 21, 2024
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the fbi for sure away from china, more towards india, vietnam, mexico, malaysia, thailand. haslinda: what is the bet in india, what's the bet in china? neeraj: in india, you want to go where the long-duration assets are for writing the macro story. the public markets are stretch. it's hard to buildable case for indian public equities. although you still have the benefit of the growth rate. in the case of china, i think people underestimated the size of the growth of that economy and hence the opportunities that exist in the public market. so i would belong china here. as i said, it's harder to take a longer term view because of the policy certainty that you need. haslinda: we will see sudden t in the indian election. modi set to come back to power. which sectors would be the ones to play? neeraj: you will see a continuation of the infrastructure build. within that, green energy, renewable power. a long way to go before india gets to the point of the scale it needs. you will have the consumer story. i like the discretionary story as the income levels are rising and you have
the fbi for sure away from china, more towards india, vietnam, mexico, malaysia, thailand. haslinda: what is the bet in india, what's the bet in china? neeraj: in india, you want to go where the long-duration assets are for writing the macro story. the public markets are stretch. it's hard to buildable case for indian public equities. although you still have the benefit of the growth rate. in the case of china, i think people underestimated the size of the growth of that economy and hence the...
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Mar 14, 2024
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haslinda: food fights are fairly common, even singapore and malaysia fight over who is the inventor of chicken rice why did this fight make its way to the courts? shruti: my colic and i when we were reporting on the story, what we discovered is people are extremely passionate about food. any kind of legacy or reputation or goodwill associated with the restaurant, it goes along with bringing in business. if one restaurant claims to be the inventor of butter chicken and at the same time a contrary claim is made by another restaurant, it poses a threat of business lost. this is where the entire picture comes into play. we've seen a lot of restaurants claiming they have -- so they might not lose customers customers to other branches. legacy, reputation and will that brings them business is at the heart of why these food fights happen. haslinda: fascinating story. thank you. our indian courts reporter in new delhi. watch this space, we will see how it plays out. it's to get back to markets and see how they are doing. a lot of trepidation ahead of a big week. we are keeping tabs on copper mi
haslinda: food fights are fairly common, even singapore and malaysia fight over who is the inventor of chicken rice why did this fight make its way to the courts? shruti: my colic and i when we were reporting on the story, what we discovered is people are extremely passionate about food. any kind of legacy or reputation or goodwill associated with the restaurant, it goes along with bringing in business. if one restaurant claims to be the inventor of butter chicken and at the same time a...
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Mar 13, 2024
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when it comes to growth markets in indonesia, malaysia, vietnam, talk to us about how you intend to grow in this market. dione: we see our growth in a couple of different segments. one is around a market like hong kong for example. really could sing -- similarities to singapore in terms of trends. we've been growing hong kong aggressively over the past couple of years. across southeast asia as well, we've been doubling down. our first brick-and-mortar store in the middle of this year. for us, very bullish. we see huge potential in these markets for us as a scala brand, it's how you also find market the product for. so that you can really expand in a more scalable, efficient manner. haslinda: it is surprising that you're thinking about brick-and-mortar at a time when digital has become the thing. why brick-and-mortar? costs will go higher. have trends changed post-covid? dione: yeah. maybe, maybe not. womenswear space. if we are in a different category, maybe a different approach. we are digital and then going off-line which is unique and peculiar. in our space, we understand at the end o
when it comes to growth markets in indonesia, malaysia, vietnam, talk to us about how you intend to grow in this market. dione: we see our growth in a couple of different segments. one is around a market like hong kong for example. really could sing -- similarities to singapore in terms of trends. we've been growing hong kong aggressively over the past couple of years. across southeast asia as well, we've been doubling down. our first brick-and-mortar store in the middle of this year. for us,...
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Mar 7, 2024
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malaysia. we are also looking at another two to five destinations. haslinda: in terms of taking delivery of your aircraft, how many more are you looking at for the rest of the year? how about the other aircraft that you may be having an ion? >> first of all, we've mentioned that we have at least nine new ones. five will be delivered this year. we will be taking delivery through april. the remaining will be delivered in 2025. at the same time, additional boeing. plus the airbus. haslinda: lastly, what does that mean in terms of capacity for the rest of the year and also in 2025? what are you looking at? >> our focus is on 2024. we have five joining us this year. we've announced two new destinations. we will need a couple of months in the second half of the year. 2025, it's too early at that point. we will be updating every year going forward. haslinda: in terms of the chinese market, how much of a recovery have you seen? are you planning more routs, flights to meet demand? >> china will continue to be an important market compared to pre-covid capacity
malaysia. we are also looking at another two to five destinations. haslinda: in terms of taking delivery of your aircraft, how many more are you looking at for the rest of the year? how about the other aircraft that you may be having an ion? >> first of all, we've mentioned that we have at least nine new ones. five will be delivered this year. we will be taking delivery through april. the remaining will be delivered in 2025. at the same time, additional boeing. plus the airbus. haslinda:...
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Mar 4, 2024
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you also have sri lanka, we have now malaysia, philippines, all of these are picking up, nepal as well. all of these are doing quite well. you also have a huge boom of domestic tourism in india. the indian government has been bullish promoting multiple tourism destinations. there are 76 tourism circuits in india. multiple pilgrimage destinations as well. all in all, quite a have distorted. haslinda: what spending patterns are you seeing when you look at the markets at record highs, we had gdp in excess of 8%, you get a feeling that the indians are richer now. is that reflected in the spending we see when they travel, domestically or abroad? prahlad: the biggest cohort which started doing well is families. families, and the expenditure on travel, has doubled from last year. 102%. you have them experimenting with lesser-known destinations. there is a lot of road trips involved and homestays. overall very bullish from a family standpoint. budget travelers also are going by 80%. backpackers, homestays, more road trips, overall quite interesting and bullish. haslinda: how are you capitalizi
you also have sri lanka, we have now malaysia, philippines, all of these are picking up, nepal as well. all of these are doing quite well. you also have a huge boom of domestic tourism in india. the indian government has been bullish promoting multiple tourism destinations. there are 76 tourism circuits in india. multiple pilgrimage destinations as well. all in all, quite a have distorted. haslinda: what spending patterns are you seeing when you look at the markets at record highs, we had gdp...
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Feb 29, 2024
02/24
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gains due for the philippines and malaysia. the nikkei 225 currently consolidating, down 0.6% after reaching new record highs. in terms of the fx space we have the yen trading at 149.78, below the 150 level, up 0.6% versus the usd expectations. flip the page. take a look at the set. one stock we are watching, scbx. this is the biggest bank in thailand. it is set to buy home credit vietnam for $860 million. the set meantime down by 0.2%. thai baht 531 versus the usd. a needing here in singapore for its first dollar bond since the hit on prices. we will give you the details slightly later. we are doing a check on cryptocurrencies on the back of bitcoin going gangbusters, on fire, exceeding the psychological 60,000 level, now inching higher by almost 2%. ether, binance coin also getting a lift. lots of expectations that we could see more gains. that capitol -- that etf demand triggering the bitcoin bull run. fed cuts may prompt more appetite for risk. let's bring in the chair of the european securities and markets authority, the e
gains due for the philippines and malaysia. the nikkei 225 currently consolidating, down 0.6% after reaching new record highs. in terms of the fx space we have the yen trading at 149.78, below the 150 level, up 0.6% versus the usd expectations. flip the page. take a look at the set. one stock we are watching, scbx. this is the biggest bank in thailand. it is set to buy home credit vietnam for $860 million. the set meantime down by 0.2%. thai baht 531 versus the usd. a needing here in singapore...
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Feb 28, 2024
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and there is such high-growth potential in indonesia, it is an exciting opportunity, and metlife in malaysia. it's also important to note ocbc maintains a stronger capital buffer than its peers so it's on with the right money to invest and engage when the right opportunity does arise and grow organically and in organically over the mid to long term. >> that was bloomberg intelligence senior analyst for southeast asia banks in singapore. singapore trade opening in the top of the next hour. let's look at other corporate stories we are tracking. ebay shares with a strong holiday quarter, giving investors fresh hope following steep job let's. fourth-quarter profit was $1.07 a share on sales of $2.56 billion. ebay also added to billion dollars to an existing stock buyback program. shares of dating app bumble tumbled after the bell after its revenue forecast for the current quarter of up to $268 million fell short of estimates. it's also counting about one third of its workforce or -- cutting about one third of its workforce. they say this will help centralize engineering and product teams in fewe
and there is such high-growth potential in indonesia, it is an exciting opportunity, and metlife in malaysia. it's also important to note ocbc maintains a stronger capital buffer than its peers so it's on with the right money to invest and engage when the right opportunity does arise and grow organically and in organically over the mid to long term. >> that was bloomberg intelligence senior analyst for southeast asia banks in singapore. singapore trade opening in the top of the next hour....
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Feb 27, 2024
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process of acquiring the commonwealth bank of australia's business unit in indonesia and also metlife in malaysia. this goes to its strategic priorities of gathering growth in asean and in greater china and hoping to capitalize on growth and wealth income and growth in trade flows between asean and greater china over the next two to three years. i think both of, ocbc has a much stronger capital position that than its peers and that puts it in great position to engage in further emanates over the mid to long-term should the right opportunity arise. haidi: our bloomberg intelligence senior analyst for southeast asia banks, sarah jane mahmud there in singapore. some of the stocks to watch when trading begins in korea and in four minutes -- rakuten --. it announced plans to issue corporate bond shares to strengthen its financial position. sony may move on the news that it is laying off 900 people across its videogame division worldwide. it is also close it division in london. autos are in focus. japan's transport ministry lifting a shipment ban on three models. the market opens our next. this is bloo
process of acquiring the commonwealth bank of australia's business unit in indonesia and also metlife in malaysia. this goes to its strategic priorities of gathering growth in asean and in greater china and hoping to capitalize on growth and wealth income and growth in trade flows between asean and greater china over the next two to three years. i think both of, ocbc has a much stronger capital position that than its peers and that puts it in great position to engage in further emanates over...
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Feb 27, 2024
02/24
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residential economy made headlines, we are not seeing it and traveled blarism. 3.6 million outbound trips for malaysia, thailand and singapore. that jumped with freebies on arrival. within china there were 417 million domestic trips for both the china domestic business doing well, and in the china outbound business just beginning to come back in arriving at what was in asia business doing extremely well post-pandemic. haslinda: our levels at pre-pandemic levels, when do you expect that to get there? >> china alone is 3% above 2019 results, if i look at apac with the exception of china is over 30% of pre-pandemic results. haslinda: you talk about adding 143 in the asia pac research and , which markets, in terms of geography, will drive that growth? >> china is the second largest log -- lodging market in the market. china will be, for the years and decades to come, the fastest growing in terms of number of hotels, but right across asia-pacific's, hotels are offering a great yield for investors. the second comrade here in singapore or an announcement of two more woefully story us, you think of it as a py
residential economy made headlines, we are not seeing it and traveled blarism. 3.6 million outbound trips for malaysia, thailand and singapore. that jumped with freebies on arrival. within china there were 417 million domestic trips for both the china domestic business doing well, and in the china outbound business just beginning to come back in arriving at what was in asia business doing extremely well post-pandemic. haslinda: our levels at pre-pandemic levels, when do you expect that to get...
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Feb 22, 2024
02/24
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and very lucky that i get to travel to places like thailand, malaysia, places to me that have already emerged even though they are still called emergent. there is tremendous vibrant growth in the rest of the world. if you want to be in growth markets and participate, emerging markets outside of china really juicy and they will do very well. it's early enough to get in there and ride the wave of, in my opinion, because they will benefit if the dollar comes down a bit, which will happen if the rates come down, hopefully. and then china, it's an incredible country, i have been honored to visit and i love the chinese people. but the economy is in the doldrums. women don't want to have babies, they don't like how they are being treated over there. and you have a lot of internal social problems in china which are impacting the economics of china. there is only so much of the government can do to prop things up. it's not the most attractive place right now. i would rather be in thailand and malaysia than in china right now in terms of investment, certainly in singapore, rather than china. pa
and very lucky that i get to travel to places like thailand, malaysia, places to me that have already emerged even though they are still called emergent. there is tremendous vibrant growth in the rest of the world. if you want to be in growth markets and participate, emerging markets outside of china really juicy and they will do very well. it's early enough to get in there and ride the wave of, in my opinion, because they will benefit if the dollar comes down a bit, which will happen if the...
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Feb 16, 2024
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and in malaysia. in terms of product security, durability, supply chain, i believe we are in the best position. caroline: just need more of those chips. charles liang, it has been great speaking with you. an extraordinary share applies -- share price move. her audience thanks you for your time. this is "bloomberg technology." ♪ (grunting) at morgan stanley, old school hard work meets bold new thinking. ( ♪♪ ) partnering to unlock new ideas, to create new legacies, to transform a company, industry, economy, generation. because grit and vision working in lockstep puts you on the path to your full potential. old school grit. new world ideas. morgan stanley. caroline: apple. where is it with its ai capabilities? they have been racing to the near completion of a critical software tool for app developers that could rival microsoft's copilot, and could be available as early as this year. here with more, the man with the scoop, mark gurman. talk us through. we had all been waiting with baited breath as
and in malaysia. in terms of product security, durability, supply chain, i believe we are in the best position. caroline: just need more of those chips. charles liang, it has been great speaking with you. an extraordinary share applies -- share price move. her audience thanks you for your time. this is "bloomberg technology." ♪ (grunting) at morgan stanley, old school hard work meets bold new thinking. ( ♪♪ ) partnering to unlock new ideas, to create new legacies, to transform a...
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Feb 16, 2024
02/24
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across the border from singapore , malaysia gearing up to release its annual gdp data in over an hour. what is expected? this is an economy that has been lackluster to state -- to say the least. >> yes. good morning. i mean, it's been a bit of a rough ride for the malaysian economy over the past year. growth has slowed significantly compared to 2022. specifically for q 40 -- q4 gdp print. we expect that there would be a modest upward revision compared to the estimates. is likely to come in at 3.6% versus the advance estimate of 3.4%. that's no consolation. it's hardly been growing on the quarter. the situation has been mainly dampened by the external -- external demand weakness that you've seen come through. there's also been a fading of tailwind and commodity prices. so there's been a sort of broad-based weakness that we are seeing in growth. that said, i think going forward for 2024, i'm slightly more cautiously optimistic about the malaysian economic outlook. i would say that things are looking better. in terms of our own growth forecast, we expect that growth will pick up to about
across the border from singapore , malaysia gearing up to release its annual gdp data in over an hour. what is expected? this is an economy that has been lackluster to state -- to say the least. >> yes. good morning. i mean, it's been a bit of a rough ride for the malaysian economy over the past year. growth has slowed significantly compared to 2022. specifically for q 40 -- q4 gdp print. we expect that there would be a modest upward revision compared to the estimates. is likely to come...
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Feb 13, 2024
02/24
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chinese companies have moved to other countries, vietnam, malaysia, mexico and trade exports from those countries to the united states have increased by the same amount. we are not necessarily seeing the job creation here that president trump hoped to see from the increase in tariffs. we have not seen much job creation because of the tariffs and the retail torrey tariffs that other countries impose on us. david: apart from the job issue, what about u.s. growth? what is the best rate policy to help the u.s. grow? michael: the news is that the u.s. is not overly dependent on trade compared to europe and parts of asia. our exports are 10%, 12% of our gdp. trade and imports, 25%. no huge impact on growth one way or the other but it does have an impact on the cost of living and inflation. when the cost of imports goes up here and those imports that people with lower level incomes are dependent on, they spend a high percentage of their income on imports must suddenly it is mike pence of four cloves -- suddenly it is more expensive for clothes. david: i know you are focused on the council on f
chinese companies have moved to other countries, vietnam, malaysia, mexico and trade exports from those countries to the united states have increased by the same amount. we are not necessarily seeing the job creation here that president trump hoped to see from the increase in tariffs. we have not seen much job creation because of the tariffs and the retail torrey tariffs that other countries impose on us. david: apart from the job issue, what about u.s. growth? what is the best rate policy to...
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Feb 11, 2024
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china, hong kong, japan, singapore, korea, malaysia, and vietnam with most of this markets observing the lunar new year holidays. u.s. futures at the moment. u.s. stocks reached quite a milestone friday. the s&p 500 closing about 5000. the big tech rally continues to be revived. also, on repriced expectations that may still cut rates and soon. as of the futures look muted. it's a big week of earnings we are headed into for the u.s.. the nasdaq looks a little softer as well. finally, a quick look at crude. we are seeing a little weakness in trading in brent. oil for the week cementing a weekly gain. if the prospects for a cease-fire in gaza continuing to fade. we are hearing about preparations for an attack on southern gaza. the geopolitical risk premium for crude is continuing to build now. let's look at the week ahead. inflation numbers out of india, japan, and the u.s. with that son asked when the fed will cut rising. economists forecast cpi in the u.s. continuing to slow at the start of the year. gdp prints to out for japan and malaysia and australia reporting jobs numbers and sou
china, hong kong, japan, singapore, korea, malaysia, and vietnam with most of this markets observing the lunar new year holidays. u.s. futures at the moment. u.s. stocks reached quite a milestone friday. the s&p 500 closing about 5000. the big tech rally continues to be revived. also, on repriced expectations that may still cut rates and soon. as of the futures look muted. it's a big week of earnings we are headed into for the u.s.. the nasdaq looks a little softer as well. finally, a quick...
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Feb 9, 2024
02/24
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apart from mexico you also see big investments in countries like malaysia, where you see specifically on the semiconductor industry, you see major investments going to that direction. we see a lot of things happening in vietnam. also a market like india is fast-changing. similar to what we see in brazil. katie: i do also want to talk about china. of course, china also looming large in this conversation around supply chains. so for this earnings asian -- this earnings season we heard l'oreal talking about sluggish demand from chinese consumers. how are you seeing china's recovery turning up in your business? oscar: i think china is obviously, for us it is very much about upping our customers to find a solution, but obviously you see that volumes are different from what they used to be. but on the other hand, the chinese economy remains a very important one. so therefore our customers remain very much focused on china, but there is a bit of guesswork on how fast will that catch up? we are going to see a little bit after chinese new year. how the volumes are going to be over there. it is
apart from mexico you also see big investments in countries like malaysia, where you see specifically on the semiconductor industry, you see major investments going to that direction. we see a lot of things happening in vietnam. also a market like india is fast-changing. similar to what we see in brazil. katie: i do also want to talk about china. of course, china also looming large in this conversation around supply chains. so for this earnings asian -- this earnings season we heard l'oreal...
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Feb 5, 2024
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supply chains are moving outside china to places like india, vietnam, taiwan, malaysia, even some greenfield investment in north america, mexico, and the u.s. caroline: when it comes to your role and element solutions, how much are you part of this? >> our technologies are used in every high-performance electronics device in the market. we are enabling provider of chemical technology for all of these markets. for us, our manufacturing processes are pretty simple. our people are global. we are welcoming these supply chains as they moved to new places. our footprint is there. it is an opportunity for us to support our customers as they diversify the supply chains when they move out of china war into new markets. caroline: white for you is there any sort of -- what for you is there any sort of block on your ability to keep up with the demand? all we hear is the absolute scale, priced, they need. is or anything song you doubt or just ability to rollout in lockstep with the demand? >> we are fortunate because we have been in these markets for decades. our customers and our customers customers rel
supply chains are moving outside china to places like india, vietnam, taiwan, malaysia, even some greenfield investment in north america, mexico, and the u.s. caroline: when it comes to your role and element solutions, how much are you part of this? >> our technologies are used in every high-performance electronics device in the market. we are enabling provider of chemical technology for all of these markets. for us, our manufacturing processes are pretty simple. our people are global. we...
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Feb 2, 2024
02/24
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malaysia is really interesting because they are going to open their first store there in a couple months. certainly asia and the emerging markets there is a pretty big deal for them despite the tailwinds or the headwinds i should say they are seeing in china. rishaad: we did not get to the vision probe. mark: it's going to take time for that to take off. but it is very exciting. i'm looking forward to trying it out tomorrow and giving you guys my thoughts the next time i am on. thank you for having me. rishaad: let's get to don nesbitt at zcm. thank you for joining us area does this set of earnings represent a watershed for where apple goes next? or is it a blip? perhaps revenue growth was returning. >> thank you for having me. regarding apples earnings it seems to be pretty much what we expected. steady as you go. where you are looking for the growth here, the previous guest commented it has been lacking in china and will continue to be, to fall short. where in the product cycle can we get that growth? traditionally it has come from the next generation iphone. what more can you load ont
malaysia is really interesting because they are going to open their first store there in a couple months. certainly asia and the emerging markets there is a pretty big deal for them despite the tailwinds or the headwinds i should say they are seeing in china. rishaad: we did not get to the vision probe. mark: it's going to take time for that to take off. but it is very exciting. i'm looking forward to trying it out tomorrow and giving you guys my thoughts the next time i am on. thank you for...
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Feb 1, 2024
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it has facilities in china, malaysia, india, and switzerland. they serve around 40 million customers in the united states. once they produce the goods they need to deliver them to the united states. for many companies like gmm, transportation is becoming an issue as we are seeing that the freight costs keep rising due to the conflict in the red sea. katie: a great set up. we are joined by ravin gandhi the gmm nonstick coating's ceo. it is great to have you with me. i was watching your parents on the program last month and you made the point that you have not seen any supply chain issues from the red sea and other places in the world right now. is that still the case? ravin: no, we have seen increases since our last appearance with what is going on in the red sea. depending on where the goods are originating in where they are going, in some cases we are seeing 150% to 200% increases in container costs which is bad news for a lot of my multibillion-dollar american clients. we will typically be a producer. i will get my goods to the port and then m
it has facilities in china, malaysia, india, and switzerland. they serve around 40 million customers in the united states. once they produce the goods they need to deliver them to the united states. for many companies like gmm, transportation is becoming an issue as we are seeing that the freight costs keep rising due to the conflict in the red sea. katie: a great set up. we are joined by ravin gandhi the gmm nonstick coating's ceo. it is great to have you with me. i was watching your parents...
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Feb 1, 2024
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we are working with the leading energy companies in the region, in singapore, in malaysia, in indonesia and in thailand. essentially these companies are producing green energy and transitioning. we are getting our tools to work with them in the region to have as much green energy as we can to power and reduce the carbon footprint from you with that, we aim to be net operational, net zero carbon emissions by 2028. that is a very aggressive timeline. a couple of years away. the other area we are addressing is sustainability. working with global leaders and also promising local enterprises to bring about new generation of cooling technologies that are very important with ai pc's, the heat and density generated by a powerful gpus. ai pc's run close to hundred kilowatt. the current operating data centers are mostly 10 kilowatt, 12 kilowatts, so we are talking 10 times more power density. annabelle: bill, i am wondering about your expansion plans in southeast asia. do you think these companies have the infrastructure ready to take advantage of what you are offering? bill: absolutely. we are s
we are working with the leading energy companies in the region, in singapore, in malaysia, in indonesia and in thailand. essentially these companies are producing green energy and transitioning. we are getting our tools to work with them in the region to have as much green energy as we can to power and reduce the carbon footprint from you with that, we aim to be net operational, net zero carbon emissions by 2028. that is a very aggressive timeline. a couple of years away. the other area we are...
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Jan 31, 2024
01/24
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. ♪ haslinda: malaysia is welcoming a new king with the ascension of the sultan. his feet assessors last move according to reports may be the potential pardon of jill for the former prime minister. joining us is ram in kuala lumpur. has this pardon been submitted? reporter: i think the pardon with what we can establish so far, the pardon bit has been discussed monday, confirmed by the cabinet minister. a position has been reached, but no one has announced the position so far. the country has been waiting for an official announcement because multiple ministers have waited for the announcement, but no statement or announcement has been forthcoming since then. rishaad: they did actually meet, the pardons forward, but it all comes ahead of a new king being placed at the throne. give us a sense of what he is likely to do, how he might differ, and a sense of how you have a rotational presidency there in malaysia. reporter: what has happened is the pardons -- even though the sole discretion for pardon belongs to the king, it was decided by the outgoing king. so the posit
. ♪ haslinda: malaysia is welcoming a new king with the ascension of the sultan. his feet assessors last move according to reports may be the potential pardon of jill for the former prime minister. joining us is ram in kuala lumpur. has this pardon been submitted? reporter: i think the pardon with what we can establish so far, the pardon bit has been discussed monday, confirmed by the cabinet minister. a position has been reached, but no one has announced the position so far. the country has...
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Jan 30, 2024
01/24
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he is one of the hereditary rulers in malaysia who take turns to serve as king of malaysia in malaysia is unique constitutional monarchy. it's his turn, starting from tomorrow, and he is a very colorful character. yvonne: can you tell us a bit more about his wealth? his family assets, according to bloomberg calculations, is $5.7 billion. tell us about this fortune that he has. tom: one of the things that we were doing our story that was published today, the big take published today, was making an attempt to calculate the sultans wealth. the $5.7 billion figure that you are referring to is basically the kind of -- the part that's easy to calculate of the assets of sultan -- the sultan and his family. his vast business interest, and this 5.7 billion figure, there is much more to his empire and it's probably just the tip of the iceberg. he's one of the richest people in malaysia. david: tell us why he is about to become even more powerful? tom: the role of the king in malaysia is mostly ceremonial, but there is one aspect of the role that is in ceremonial, and that is, if there is, for ex
he is one of the hereditary rulers in malaysia who take turns to serve as king of malaysia in malaysia is unique constitutional monarchy. it's his turn, starting from tomorrow, and he is a very colorful character. yvonne: can you tell us a bit more about his wealth? his family assets, according to bloomberg calculations, is $5.7 billion. tell us about this fortune that he has. tom: one of the things that we were doing our story that was published today, the big take published today, was making...
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Jan 30, 2024
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it is malaysia's second most populous state. it is a strategic vocation next to singapore across the causeway. it is ruled by the sultan. in malaysia, it is a unique constitutional monarchy in which nine hereditary rulers -- nine states of hereditary rulers take turns to be the king of malaysia. they rotate for five year terms. next up is the sultan. he is a colorful character. annabelle: colorful and someone who has not been perhaps shying away from displaying some of his wealth so what do we know about his financial position? >> one of the things we did in our story is attempt to estimate the sultan's wealth and so what we found out was looking at the wealth and his family's wealth and looking at the assets that are easy to calculate the net worth for, we worked out he is worth at least 5.7 billion u.s. dollars. that is just the surface. there are probably a lot more wealth. he is probably worth a whole and more and he is one of the richest people in malaysia. paul: he is certainly rich and he is about to become more powerful.
it is malaysia's second most populous state. it is a strategic vocation next to singapore across the causeway. it is ruled by the sultan. in malaysia, it is a unique constitutional monarchy in which nine hereditary rulers -- nine states of hereditary rulers take turns to be the king of malaysia. they rotate for five year terms. next up is the sultan. he is a colorful character. annabelle: colorful and someone who has not been perhaps shying away from displaying some of his wealth so what do we...
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Jan 29, 2024
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you have a rate decision in malaysia. the philippines fighting a possible rate cut. vietnam coming up with inflation too. it is a risk on suffice it to say, and we were looking at a low oil counters are leading at one specific sector seeing gains on the back of this pop in oil prices. yvonne: we did not know what to lead with this morning. it could be a multiple things, whether it was the middle east engines, the china efforts to rescue the stock market and the evergrande story coming up. it is a fluid situation. rishaad: not so grand. yvonne: there are more details coming out at this hearing. rishaad: they are going to have this new plan to split into class a and c. they have a new terms sheet expected by march and they are looking at a new restructuring plan for january. let's talk about whatever looking at this week. looking at the china story as well with the banding of short-term -- banning of short-term. and we have got the fed. yvonne: a band-aid more than a rescue. david: to the china economy point, tomorrow we have pmi numbers coming out and we are looking a
you have a rate decision in malaysia. the philippines fighting a possible rate cut. vietnam coming up with inflation too. it is a risk on suffice it to say, and we were looking at a low oil counters are leading at one specific sector seeing gains on the back of this pop in oil prices. yvonne: we did not know what to lead with this morning. it could be a multiple things, whether it was the middle east engines, the china efforts to rescue the stock market and the evergrande story coming up. it is...
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Jan 29, 2024
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significantly above 5% growth in 2024, so that is a bit of a setback for the economies especially thailand, malaysia to a degree. at the same time these are more locally trading economies. they still loves her room to catch up with the other more developed economies around them. the cut in interest rates by key central banks in the weaker pressure on currency definitely helps, because they need to invest more, and when the foreign capital source to come in again, this economy sentiment a position, and of course the markets went to repetitive weakness last year. so the valuation for these markets are no longer that challenging, so when our view asean markets are well positioned of a recovery this year, and we think the global macro context is supported despite a bit of setback from china. annabelle: and i can see you have got some views here on the singapore mas, but he got his decision leaving its policy decisions in place. what is right look for policy and singapore over the course of this year? annabelle: -- >> for us this was a foregone conclusion. we had a bit of upside despite volatility from t
significantly above 5% growth in 2024, so that is a bit of a setback for the economies especially thailand, malaysia to a degree. at the same time these are more locally trading economies. they still loves her room to catch up with the other more developed economies around them. the cut in interest rates by key central banks in the weaker pressure on currency definitely helps, because they need to invest more, and when the foreign capital source to come in again, this economy sentiment a...
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Jan 24, 2024
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hong kong time, malaysia set to keep borrowing costs unchanged for a fourth straight meeting. that amid risk of inflation flaring. the government has been capping subsidies has been boosting taxes. this is an economy that has been slowing for a while and the prime minister is trying to stem all of that. we have the klci up .5%. the malaysian ringgit, which has been under pressure from the strong dollar, currently at 4.73 versus the usd. yvonne: so global macro movers looking like this. it is a mixed picture across equities. japan seeing more of that downside after -- maybe it is time to take profits away from this japan-china trade given the movement we are seeing in hong kong today. downside of 1%. jgb's are moving. look at those yields come up close to 10 basis points for your 30 year. that is repricing what we will see in april potentially given the hawkish comment from ueda. maybe we could see some normalization or a pivot from the boj in april, getting more sure as we speak. this is bloomberg. ♪ ♪
hong kong time, malaysia set to keep borrowing costs unchanged for a fourth straight meeting. that amid risk of inflation flaring. the government has been capping subsidies has been boosting taxes. this is an economy that has been slowing for a while and the prime minister is trying to stem all of that. we have the klci up .5%. the malaysian ringgit, which has been under pressure from the strong dollar, currently at 4.73 versus the usd. yvonne: so global macro movers looking like this. it is a...
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Jan 22, 2024
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malaysia, canada, ecb, the bigger ones are there at the end of the week as well. don't forget, we got u.s. inflation numbers and core pce numbers coming out friday. david: plus corporate earnings. nestle, netflix, and tesla. there we go. you have sk hynix, the big one out of the asia-pacific. we will also be watching for earnings out of asml. south korea, perhaps renewed optimism within this global chip cycle. we are looking at battery and lithium stocks at the chinese mainland. big news on the weekend where the u.s. will start, will ban the pentagon from buying batteries produced by chinese makers from october 27 on. we will be talking about that very topic with both our securities and they are forecasting a weaker demand in china. we will get their views later on. yvonne: first we will hear from the european commission vice president on why he thinks geopolitical tensions pose fresh risks to global trade. this is bloomberg. ♪ >> misinformation and election interference is going to be a real challenge that we all have to tackle. >> we are talking too much about
malaysia, canada, ecb, the bigger ones are there at the end of the week as well. don't forget, we got u.s. inflation numbers and core pce numbers coming out friday. david: plus corporate earnings. nestle, netflix, and tesla. there we go. you have sk hynix, the big one out of the asia-pacific. we will also be watching for earnings out of asml. south korea, perhaps renewed optimism within this global chip cycle. we are looking at battery and lithium stocks at the chinese mainland. big news on the...
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Jan 22, 2024
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other decisions we are watching will be from canada, sri lanka and malaysia. in a few hours we are going to get china's loan prime rates. in the u.s. we be watching for data from the fed's preferred inflation measure. that is on friday as well as fourth-quarter gdp figures. let's. ring in a senior economist at moody's analytics. a lot on the docket this week but i want to start in japan or we have the important central bank meeting. no change expected at this meeting. there is a sense of inevitability we are going to see rates normalize. when do you see that happening? >> our expectation is we will see a move in april. heading into the april move, the transparency around the bank of japan's decision-making will be critical. they have had this ultra accommodative monetary policy stance for some time should now we are talking about moving out of it to make sure it is in orderly transition we need to see the clear communication. paul: how far above zero can the boj go? >> our view is not much if at all. they have committed almost to moving away from the ultra acc
other decisions we are watching will be from canada, sri lanka and malaysia. in a few hours we are going to get china's loan prime rates. in the u.s. we be watching for data from the fed's preferred inflation measure. that is on friday as well as fourth-quarter gdp figures. let's. ring in a senior economist at moody's analytics. a lot on the docket this week but i want to start in japan or we have the important central bank meeting. no change expected at this meeting. there is a sense of...
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Jan 21, 2024
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decisions we will be watching in canada, sri lanka and malaysia. other economic data to note as well, as we have been discussing we get china's loan crime rates in the u.s. from the preferred inflation measure on friday. as well as gdp figures. netflix and tesla are expected to report record corporate revenues, tesla's profitability continues to be hit by vehicle price cuts and watch earnings from asml and sk hynix lead optimism for the global chip industry. that is the week ahead. annabelle: let us stick with that outlook for tech because our next guest says that the sector, the magnificent seven, both very volatile in the early weeks of 2024. and very eventful year, joining us is rebecca, president of wolster wealth management. the opportunities are becoming tougher to find now? >> absolutely, i think the investors going into 2024 were ahead of it and expecting her to 50 basis point cuts over a six times even though the dot plot for the fed only showed three and you had the investors rotating to long-duration yields. as the fed cuts their yields,
decisions we will be watching in canada, sri lanka and malaysia. other economic data to note as well, as we have been discussing we get china's loan crime rates in the u.s. from the preferred inflation measure on friday. as well as gdp figures. netflix and tesla are expected to report record corporate revenues, tesla's profitability continues to be hit by vehicle price cuts and watch earnings from asml and sk hynix lead optimism for the global chip industry. that is the week ahead. annabelle:...
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Jan 19, 2024
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rishaad: we've got ecb bank of japan, turkey, south africa, japan, and malaysia all coming out with interest rate decisions. did that japan cpi read really move the dial? cpi did come in slightly above headlines, but there's a bit of stickiness as well. yvonne: a mixed bag, cooling for a second month and as you say, core inflation is still above target. so how does the boj interpret that? obviously you also had that earthquake that happened. rishaad: and wage negotiations, if there is going to be a movement, perhaps they won't do anything this year even. yvonne: that is an outlier. there is plenty of green, the taiex with 2% gains. we rarely see moves like this in taipei. tsmc is certainly fueling that trend right now. the nikkei continues on, the fire in tokyo, 6% higher today and chips helping when it comes to the nikkei, and bond markets continue to sell off today. the dollar is still a little bit on the back foot today but still on track for one of the best weekly gains for the greenback since july of last year. rishaad: we have a gentleman in the studio. yvonne: i remember him, he was o
rishaad: we've got ecb bank of japan, turkey, south africa, japan, and malaysia all coming out with interest rate decisions. did that japan cpi read really move the dial? cpi did come in slightly above headlines, but there's a bit of stickiness as well. yvonne: a mixed bag, cooling for a second month and as you say, core inflation is still above target. so how does the boj interpret that? obviously you also had that earthquake that happened. rishaad: and wage negotiations, if there is going to...
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Jan 18, 2024
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as singapore and malaysia and thailand are going to have neutral free visas and all these actions will promote bilateral travel. annmarie: chinese consumers are paramount to the luxury industry. do you find consumers are now more interested in travel and experience or going after some luxury goods? jane: i think china is very big. 1.4 billion people. you will find all kinds of customers. the most expensive tool, trip.com sale, costs about 200 sales in usd per person per trip. 18 days around the world, and it only took us 17 seconds to sell these packages. so we do have very varied population, and there are also young people who want to have a good experience. they may attend music festival, so you can find different categories. jonathan: you went through a list of countries, but there was one i did not hear. you did not talk much about the u.s. i understand it is difficult to talk about politics being a chinese company and the ceo of one. i will talk about politics briefly, and you can walk me through the consequences. clearly, there is no love lost between the u.s. and china. it is a
as singapore and malaysia and thailand are going to have neutral free visas and all these actions will promote bilateral travel. annmarie: chinese consumers are paramount to the luxury industry. do you find consumers are now more interested in travel and experience or going after some luxury goods? jane: i think china is very big. 1.4 billion people. you will find all kinds of customers. the most expensive tool, trip.com sale, costs about 200 sales in usd per person per trip. 18 days around the...
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Jan 14, 2024
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louise: the trade data across singapore, malaysia and indonesia will give a glimpse to the fact that that demand outlook continues to be on a slow recovery trend. so that will be somewhat encouraging for some of the export-oriented economies in asia. bank indonesia will be want to watch, they meet every month, so the policy guidance there is well signaled. we think the focus on rupiah stability would suggest that they will pause. i think the japanese cpi data will be something we watch as well towards the end of the week . it shoots suggest that disinflation trend is coming better. shery: good to have you with us, that preview of equal data coming out of asia, and lead economist at oxford economics. we will bring you the latest when it comes to china's mls great decision today as well. you can get a roundup of all the stories you need to know to get your day going on this edition of "daybreak." terminal subscribers, go to dayb . it is also available on mobile, in the bloomberg anywhere app. you can also customize the settings so you only get the news on the industries and assets
louise: the trade data across singapore, malaysia and indonesia will give a glimpse to the fact that that demand outlook continues to be on a slow recovery trend. so that will be somewhat encouraging for some of the export-oriented economies in asia. bank indonesia will be want to watch, they meet every month, so the policy guidance there is well signaled. we think the focus on rupiah stability would suggest that they will pause. i think the japanese cpi data will be something we watch as well...